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What is Steve Case’s Net Worth?
Steve Case is an American entrepreneur, investor and businessman who has a net worth of $1 billion. Born in Honolulu, Hawaii, Steve Case started specializing in a profession in advertising and marketing within the early 80s, working for such corporations as Pizza Hut, Inc., Control Video Corporation, and Quantum Computer Services, which he additionally co-founded. In 1991, he modified the corporate’s title to America Online, and selected to give attention to creating community-based purposes. His technique paid off, and by 2002, AOL had 26.7 million subscribers. Steve helped orchestrate AOL’s merger with Time Warner on the peak of the dotcom bubble, which might show to be one of the crucial disastrous company mergers of all time. He served as AOL’s CEO till 2003, when he stepped down with the intention to give attention to his personal collection of initiatives funded by his firm, Revolution, LLC. In addition to his work with Revolution, he’s additionally chairman of the Case Foundation, and serves because the Chairman of the Startup America Partnership. He additionally has a seat on the President’s Council on Jobs and Competitiveness, and often speaks on tv about initiatives to extend startup development and longevity within the US.
Early Life and Education
Steve Case was born on August 21, 1958 in Honolulu in what was then the Territory of Hawaii to Carol and Daniel. He has a brother named Jeff and a sister named Carin, and had one other brother named Dan who handed away in 2002. Case was educated on the personal Punahou School, from which he graduated in 1976. He went on to attend Williams College in Williamstown, Massachusetts, graduating in 1980 with a level in political science.
Career Beginnings
During the 2 years following his college commencement, Case labored as an assistant model supervisor on the Procter & Gamble headquarters in Cincinnati, Ohio. After that, he labored as a supervisor of latest pizza advertising and marketing on the unique Pizza Hut in Wichita, Kansas. In 1983, Case was launched by his brother Dan to Control Video Corporation CEO Bill von Meister, and was employed as a advertising and marketing guide. Eventually, he turned a full-time advertising and marketing worker.
Quantum Computer Services
Following the dissolution of Control Video Corporation, worker Jim Kimsey based the net service firm Quantum Computer Services. He turned the CEO and employed Case as vp of promoting. In 1987, Case was promoted to government vp. During his time at Quantum within the 80s, Case partnered with Marc Seriff to create the net service Quantum Link for the Commodore 64 dwelling pc. A number of years after that, the corporate started providing the PC Link on-line service for IBM computer systems and the AppleLink on-line service for Apple machines. Case additionally closely promoted on-line interactive video games and actions, together with “Habitat,” “Club Caribe,” and “Quantum Space.”
AOL
In 1991, Quantum Computer Services modified its title to America Online, or AOL, and merged its PC and Apple companies underneath the brand new title. That yr, Case took over from Kimsey because the CEO of the corporate. By 1994, AOL had amassed a million subscribers. The service turned a pioneer within the introduction of social media resulting from its emphasis on chat rooms, boards, and immediate messaging. This helped drive its success in its early years, with its user-base rising to 10 million by the top of the 90s and peaking at 26.7 million in 2002.
Not every thing at AOL was successful. In 2001, Case and Gerald M. Levin orchestrated a merger with media conglomerate Time Warner that ended up being a debacle on account of the dot-com bubble burst and varied accounting scandals. Case in the end resigned as chairman of AOL in early 2003, however remained on the board of administrators for about three years after that. The epic failure of the AOL Time Warner merger turned the topic of Nina Munk’s 2005 ebook “Fools Rush In: Steve Case, Jerry Levin, and the Unmaking of AOL Time Warner.”
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Revolution
Following his resignation from AOL, Case co-founded the enterprise capital agency Revolution with Donn Davis and Tige Savage. Based in Washington, DC, the corporate’s purpose is to fund entrepreneurs who’re working to remodel legacy industries exterior of the primary coastal tech hubs within the US. Revolution operates three main funding funds: Revolution Ventures, which focuses on early-stage know-how corporations; Revolution Growth, which focuses on mid-range shopper know-how companies; and Revolution Places, which focuses on actual property and hospitality. Through these arms, the corporate has made investments in such notable corporations as Zipcar, sweetgreen, DraftKings, Optoro, and RunKeeper, amongst many others.
Philanthropy and Advocacy
In his philanthropic work, Case is the chairman of the Case Foundation, which he co-founded along with his spouse Jean in 1997. The Foundation invests in people and nonprofits that search to attach individuals and foster civic engagement. In 2011, Case turned a Citizen Regent of the Smithsonian Institution. Among his different positions, he served as a co-chair of the Bipartisan Policy Center’s Democracy Project. Case can also be a distinguished advocate for immigration reform, believing that immigrants are vital to the well being of America’s entrepreneurial tradition and economic system.
Books
Case’s first ebook was “The Third Wave: An Entrepreneur’s Vision of the Future,” which was revealed in 2016. A New York Times bestseller, it explores how improvements in know-how are remodeling the Internet and the way we take into consideration work. Case launched his second ebook, “The Rise of the Rest: How Entrepreneurs in Surprising Places are Building the New American Dream,” in 2022.
Personal Life
In 1985, Case wed Joanne Barker, whom he had met in college. They had three youngsters collectively earlier than divorcing in 1996. Two years after that, Case married former AOL government Jean Villanueva. The couple has two youngsters.
Hawaiian Real Estate
Steve Case controls tens of 1000’s of acres in his dwelling state of Hawaii, together with a controlling curiosity in Maui Land & Pineapple Company. He additionally has a controlling curiosity within the historic agricultural website Grove Farm, which he acquired in a controversial transaction that resulted in years of litigation launched by the earlier homeowners.
Merrywood Estate
In 2005 Steve paid $24.5 million for a property in McLean, Virginia often known as Merrywood Estate. The 7-acre property was the childhood dwelling of Jacqueline Onassis, later often known as Jackie Kennedy. The property encompasses a 23,000 square-foot regal mansion that was in-built 1919 overlooking the Potomac River. Here’s a video tour:
In June 2017 Steve listed Merrywood for sale for $49.5 million. A yr later, May 2018, Steve bought the property for $43 million.
All internet worths are calculated utilizing knowledge drawn from public sources. When supplied, we additionally incorporate personal suggestions and suggestions obtained from the celebrities or their representatives. While we work diligently to make sure that our numbers are as correct as potential, until in any other case indicated they’re solely estimates. We welcome all corrections and suggestions utilizing the button under.
